Irdai caps annual premium hike for senior citizens at 10% annually—what it means for policyholders | Mint
Source: Live Mint The Insurance Regulatory and Development Authority of India (Irdai) has capped insurers’ annual premium hikes at 10% for senior citizens. Any increase beyond this limit will now require prior approval from the regulator. While this step enhances transparency and predictability for policyholders, industry experts caution that it could lead to stricter policy…
